Mining

Stronghold Digital Mining pushes back Q2 earnings due to ‘significant announcement’


Stronghold Digital Mining pushed again its second-quarter earnings convention name from this afternoon to August 15, the corporate stated on Thursday in a press launch. It’s now the second mining firm to delay its earnings launch this week. 

“We’re making a major announcement that wanted a day or two extra to finalize,” a spokesperson stated when requested concerning the delay. Stronghold didn’t publicly point out a purpose for rescheduling its earnings in its press assertion.

Stronghold now could be planning to carry its second-quarter earnings convention name on August 15 at 5:00 p.m. EDT, and would challenge a press launch with outcomes after buying and selling closes that day. The mining firm’s inventory worth was up 4.68% in the present day from yesterday’s shut.  

Stronghold operates miners at two vegetation in Pennsylvania that generate energy utilizing waste coal. The corporate went public in October 2021. 

One other notable mining firm, Riot Blockchain, additionally delayed its earnings launch this week. Riot notified the U.S. Securities and Alternate Fee (SEC) in an August 9 submitting that it might be unable to file its second-quarter report on time,  saying it wanted to do an evaluation of its impairment attributable to “current opposed modifications in enterprise local weather.”

Contributing to the accounting delay have been “numerous international macroeconomic and geopolitical components, resembling the continuing conflict in Ukraine, international logistics slowdowns, and up to date important inflationary pressures,” Riot stated within the submitting. 


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